Loading…
2
TIL dropping $250 on a CPA saved me way more in the long run
I used to do all my own quarterly taxes using free software and just guessing on deductions. Thought I was saving money by not paying a pro. Last year I finally hired a CPA for $250 to go over my year end stuff. Turns out I had been missing mileage deductions on my delivery gigs and a bunch of equipment I bought for my home office. She found almost $800 in extra deductions I never would have caught. Now I just pay her the $250 every April and she handles the quarterly stuff too. Honestly wish I did this three years ago. Anyone else have a CPA save them more than they cost?
3 comments
Log in to join the discussion
Log In3 Comments
luna2613mo ago
That "guessing on deductions" line hit me right in the gut. My sister tried doing her own taxes one year and accidentally claimed a deduction for her dog's vet bills under "business expenses" because she felt bad spending that much money.
7
ivan4623mo ago
Yeah that tracks with how people treat taxes as some kind of honor system haha. @joseph48 called it, the IRS just bets on folks getting creative with their "guesses" and hoping they miss something.
6